IPEF Business Forum

On 18 October, AMCHAM, in partnership with the Ministry of Investment, Trade and Industry (MITI) Malaysia, hosted the IPEF Business Forum 2023 at the Mandarin Oriental Hotel, Kuala Lumpur.

The IPEF Business Forum took the opportunity to look at how the IPEF Framework provides a new way of looking at trade and development that takes into account pressures of today including the need to address climate change, creating productive and higher paying jobs and collaboration amongst like minded nations. 

Dr Apurva Sanghi, lead economist of The World Bank delivered the keynote address, highlighting that Malaysia is an important player in IPEF, which has the potential to enable a material improvement in the areas that are critical for Malaysia. 

In each of the three moderated discussions, the panelists emphasized the importance of communication and information sharing among 14 countries to operationalise IPEF and for IPEF to deliver tangible benefits. 

It was acknowledged that IPEF is a foundation for building a more resilient and adaptable supply chain in the Indo-Pacific region. The panel highlighted that the COVID-19 pandemic revealed the importance of collaboration, supply chain adaptability and the need for governments to facilitate an enabling environment for supply chain resilience.

The forum concluded with the closing remarks delivered by Manu Bhalla, chargé d’affaires, ad Interim, U.S. Embassy in Malaysia.  

We thank all participants for their participation.  We hope that the Forum provided a deeper understanding of the opportunities within IPEF and encourages further discourse to explore the potential and promises of IPEF.

[Click here to view the gallery of the business forum] [Click here for the IPEF meeting]